KKR & Co. Inc. (NYSE:KKR) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 200,408 shares of the asset manager’s stock after selling 2,886 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KKR & Co. Inc. were worth $29,642,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KKR. Pettinga Financial Advisors LLC purchased a new stake in KKR & Co. Inc. during the third quarter worth $238,000. Van ECK Associates Corp boosted its position in KKR & Co. Inc. by 4.3% during the third quarter. Van ECK Associates Corp now owns 17,166 shares of the asset manager’s stock worth $2,378,000 after purchasing an additional 704 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in KKR & Co. Inc. during the third quarter worth $1,812,000. SpiderRock Advisors LLC purchased a new stake in KKR & Co. Inc. during the third quarter worth $3,319,000. Finally, Washington Trust Advisors Inc. boosted its position in KKR & Co. Inc. by 13.4% during the third quarter. Washington Trust Advisors Inc. now owns 768 shares of the asset manager’s stock worth $100,000 after purchasing an additional 91 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research analyst reports. Barclays decreased their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. The Goldman Sachs Group upped their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $115.39 on Monday. The business’s 50-day moving average price is $145.94 and its 200 day moving average price is $142.18. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a market capitalization of $102.49 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.